Survey: More cardholders carrying balances, credit card debt
More Americans are carrying more credit card debt than ever. The costs can be steep.
6 min read
Aug 02, 2024
Credit Card Debt
Whether you’re looking for the right credit card payoff strategy, or researching debt relief, our resources can help.
Bankrate's Latest Credit Card Debt Articles
-
-
How to get out of debt with a low income
Before doing anything else, take a deep breath, sit down and determine what you owe and to whom.
6 min read Aug 01, 2024 -
How to negotiate debt with credit card companies
Come prepared to your credit card debt negotiation.
11 min read Jul 26, 2024 -
What to do when you get sued for credit card debt
What to do when you’re sued for credit card debt, including how to settle credit card debt before going to court.
6 min read Jul 26, 2024 -
Can you be liable for a spouse’s credit card debt?
You are generally not responsible for your spouse’s credit card debt unless you are a co-signer for the card or it is a joint account. But some state laws vary and you may be liable for this debt.
5 min read Jul 23, 2024 -
What debts can you transfer to a credit card?
You can transfer a variety of debt to cards, but not all cards accept all transfers.
4 min read Jul 19, 2024 -
Is closing a credit card bad?
Closing a card can increase your credit utilization, which can hurt your score.
6 min read Jul 18, 2024 -
How long can a debt collector pursue old debt?
Debt collectors will keep calling even after the bank stops. Here’s what to expect.
9 min read Jul 16, 2024 -
How to do a credit card balance transfer
Here’s how to do a balance transfer, which could help you pay off debt faster.
7 min read Jun 24, 2024 -
How to negotiate a debt settlement
You can negotiate with your creditors to settle your debt by paying a lump-sum amount that’s less than what you owe. Here’s how.
6 min read Jun 20, 2024 -
Which debt should you pay off first? Five options to consider
There are benefits to tackling your smallest debt first and working your way up.
7 min read Jun 02, 2024 -
What is debt management?
If you are overwhelmed with debt, a debt management program could provide relief.
8 min read May 24, 2024 -
How long does a bankruptcy stay on your credit report?
A bankruptcy will stay on your credit report for a number of years depending on when you actually filed as well as the type of bankruptcy.
4 min read Apr 23, 2024 -
5 ways a 0% APR credit card could actually hurt your credit
A 0 percent intro APR card can hurt your credit in some instances, so use it well.
3 min read Apr 17, 2024 -
10 credit card mistakes to avoid in 2024
Avoid these 10 credit card mistakes this year to make the best use of your credit.
8 min read Apr 01, 2024 -
Can you get a balance transfer card with bad credit?
It can be difficult to qualify for a balance transfer card with bad credit.
5 min read Mar 25, 2024 -
What is penalty APR and how do you avoid it?
Learn about penalty APRS and how to avoid them.
6 min read Mar 12, 2024 -
Average credit card debt in the U.S.
American credit card balances rose to $1.13 trillion in the last quarter of 2023
4 min read Feb 14, 2024 -
So you haven’t been sticking to your resolutions. Here’s how to reset and crush the next 11 months.
Use the SMART goal method to make an actionable plan that’ll help you stay on track.
6 min read Feb 14, 2024 -
Best credit cards after bankruptcy
Picking up a credit card after bankruptcy may seem like a huge risk, but this step could actually be crucial to your financial recovery.
7 min read Jan 25, 2024
The trusted provider of accurate rates and financial information